SBI EDUCATION LOANS

SBI Student Education Quantity of Loan

For research in Indian, highest possible Rs. 10 lacs
Studies overseas, highest possible Rs. 20 lacs

SBI Knowledge Mortgage Attention Rates

Loan Amount

Rate of Interest

Loans up to Rs. 4.00 Lacs

11.25% p.a.

Loans above Rs. 4.00 Lacs and up to Rs. 7.50 Lacs

12.75% p.a.

Loans above Rs. 7.50 Lacs

11.75% p.a.

An Attention Amount concession of 0.50% to Lady Higher education student obtaining Higher education student Loans

Documents needed for SBI Knowledge Loan



Completed Knowledge Mortgage Program Type.
Mark linens of last determining examination
Proof of entrance grant, studentship etc
Schedule of costs for the specified course
2 ticket dimension photographs
Borrower’s Banking consideration declaration for the last six months
Income tax evaluation purchase, of last 2 years
Brief declaration of obligations and resources, of the Co-borrower
Proof of Earnings (i.e. Wage slips/ Type 16 etc)
Repayment Tenure



Repayment will start one season after realization course or  6 several weeks after obtaining a job, whatever is previously.

Place of Study Loan Amount Repayment Interval 
in Years
Studies in India Rs. 10.0 lacs 5-7 Years
Studies Abroad Rs. 20.0 lacs 5-7 Years
Expenses regarded for loan



Fees due to college/school/hostel
Examination/Library/Laboratory fees
Purchase of Books/Equipment/Instruments/Uniforms
Caution Deposit/Building Fund/Refundable Down payment (maximum 10% tution charges for the whole course)
Travel Expenses/Passage cash for research abroad
Purchase of computer systems regarded necessary for realization course
Cost of a Two-wheeler up to Rs. 50,000/-